General Shareholders’ Meeting decisions ALPHA TRUST

We would like to inform you that the Annual Shareholders Meeting of the Company ALPHA TRUST MUTUAL FUND AND ALTERNATIVE INVESTMENT MANAGEMENT S.A., was held on 30.5.2019 at 17.00 at the conference venue on 7, Kavalieratou str. Kifissia. The Shareholder's Meeting was attended by 42 shareholders or their representatives holding 607.819 shares, i.e. a percentage of 84,92%.

The issues on the agenda which were discussed are the following:

  1. Submission and approval of the Financial Statements for the fiscal year 01.01.2018 – 31.12.2018, the Management Report of the Board of Directors and the Auditors’ reports.
  2. Amendment of the Company's Articles of Association regarding its harmonization with the new provisions of Law 4548/2018.
  3. Approval for the distribution of dividend.
  4. Approval of the total management of the members of the Board of Directors during the fiscal year 01.01.2018 - 31.12.2018 according to article 108 of the law 4548/2018 and exemption of the auditors from any liability for the financial year 1.1.2018 -31.12.2018.
  5. Election of a Certified Auditor and its deputy for the fiscal year 01.01.2019-31.12.2019 and determination of their fees.
  6. Appointment of a Certified Auditor and its deputy for the audit of the management accounts of the Mutual Funds managed by the Company for the fiscal year 1.1.2019 – 31.12.2019 and determination of their fees.
  7. Reduction of the share capital by the amount of 201.061,38 euro, by reducing the nominal value of the company share, which will consequently amount from € 0,30 to € 0,04 each, in order to return capital to the shareholders, both in kind and in cash, and authorization to the Board of
  8. Directors to implement this decision.
  9. Decision on the amendment of article 5 of the articles of association in accordance to the above decisions.
  10. Determination of the Board members’ remuneration. Approval of their fees for the previous fiscal year and pre-approval of their fees for the next fiscal year.
  11. Granting of authorization and approval to members of the Board of Directors to perform acts in accordance with article 27 of the Articles of Association and in accordance to article 98 par. 1 of Law 4548/2018.
  12. Miscellaneous announcements.

Regarding the first issue, the General Shareholders Meeting unanimously approved (84,92%) the BoD’s report and the Financial Statements of the fiscal year 1.1.2018-31.12.2018, i.e. the Chartered Accountants’ Report, the Balance Sheet, the Income Statement, the Statement of Changes in Equity, the Cash Flow Statement, the additional data and information and the Annex of the Financial Statements.

On the second issue, the General Shareholders Meeting unanimously approved (84,92%) the amendment of the Articles of Incorporation in order to be complied with the new Law 4548/2018 (“Reform of the Law of the Societe Anonymes”).

Regarding the third issue, the General Shareholders Meeting unanimously approved (84,92%) the Board of Directors proposal for the distribution, from the earnings, of a dividend to the beneficiary shareholders of a total gross amount of 300.632,64 euro, corresponding to 0.42 euro per share and incremented by the amount corresponding to the 57.521 own shares owned by the Company that are not entitled to a dividend. The dividend amount mentioned above is subject to a withholding of tax 10% and thus the shareholders shall receive a net amount of 0.378 euro per share.

The ex-dividend date was set for 04.06.19.

The beneficiaries of the dividend for the fiscal year 2018 are the Company’s shareholders who shall be registered in the records of the Dematerialized Securities System on 05.06.19 (record date).

Payment shall begin on 10.06.19 and it shall be done through Piraeus Bank.

Finally, the General Meeting has approved the distribution of part of the earnings of the fiscal year 2018, of a total gross amount of 60.000,00 euro to employees of the Company.

On the fourth issue, the General Meeting has released with a percentage of 59.10% (the members of the BoD and the employees of the Company have voted only with the shares they own), the members of the BoD and unanimously with a percentage of 84,92% also approved, without prejudice of the Law 4449/2017, to release the Auditors from any liability for damages regarding their activity for the fiscal year 1.1.2018-31.12.2018.

On the fifth issue, the General Meeting has unanimously elected (84,92%) for the audit of the Company’s and the Group’s Financial Statements for the fiscal year 2019 the Certified Auditor DELOITTE CHARTERED ACCOUNTANTS S.A. and determined their fee.

On the sixth issue, the General Meeting has unanimously elected (84,92%) for the audit of the management accounts of the Mutual Funds which are under the Company’s management, for the fiscal year 2019, the Certified Auditor DELOITTE CHARTERED ACCOUNTANTS S.A. and determined their fee.

On the seventh issue, the General Meeting unanimously approved (84,92%), the reduction of the share capital by the amount of 201.061,38 euro, by reducing the nominal value of the company share, which will consequently amount from € 0,30 to € 0,04 each.

Said reduction will take place (a) partly with payment in kind, i.e. with the transfer to the shareholders of the Company of shares traded in the A.S.E. market owned by the Company and more specifically with the transfer of shares issued by ALPHA TRUST – ANDROMEDA INVESTMENT TRUST S.A. by a proportion of one (1) ALPHA TRUST – ANDROMEDA INVESTMENT TRUST S.A. share for every one hundred (100) ALPHA TRUST MUTUAL FUND AND ALTERNATIVE INVESTMENT MANAGEMENT S.A. shares, as the average weighted price of the ALPHA TRUST – ANDROMEDA INVESTMENT TRUST S.A. share during last semester is of an amount of 21,11 euros per share and (b) partly with payment in cash.

On the eighth issue, the General Meeting has unanimously approved (84,92%) the amendment of article 5 of the Articles of Incorporation, according to the aforementioned.

On the ninth issue, the General Meeting determined with a percentage of 59.10% (not including the shares represented by members of the BoD) the remuneration of the members of the BoD, it has approved the remuneration of the previous year and pre-approved the remuneration of the following one.

On the tenth issue, the General Meeting has unanimously approved (84,92%) the granting of an authorization, pursuant to article 98 par.1 of law 4548/2018 and article 27 of the Articles of Association, to the members of the Company’s BoD, to take, either on their behalf or on the behalf of third parties, actions which are part of any of the objectives pursued by the Company as well as to participate as general partners in the BoDs and in the management of other companies pursuing identical or similar objectives to the ones of the Company ΑLPHA TRUST MUTUAL FUND AND ALTERNATIVE INVESTMENT MANAGEMENT S.A.

Kifissia, May 31, 2019